Business
XAU Resources Closes Final Tranche of Private Placement for Aggregate Gross Proceeds of C$1.0 Million
Toronto, Ontario--(Newsfile Corp. - December 18, 2025) - XAU Resources Inc. (TSXV: GIG) ("XAU") is pleased to announce it has closed the final tranche of its pr
About this update from Xau Resources, Inc.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - December 18, 2025) - XAU Resources Inc. (TSXV: GIG) (\"XAU\") is pleased to announce it has closed the final tranche of its previously announced private placement (the \"Financing\"). Pursuant to the final tranche XAU issued 480,000 units of the Company (the \"Units\") at the price of C$0.25 per Unit (the \"Offering Price\") for gross proceeds of C$120,000. In aggregate under the Financing, the Company sold 4,000,000 Units at the Offering Price for gross proceeds of C$1,000,000. Each Unit consisted of one common share (\"Share\") and one-half of one common share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant entitles the holder to acquire one additional Share at a price of $0.40 until June 18, 2027, subject to an accelerated expiry if XAU's common shares trade above $0.80 for twenty (20) consecutive trading days. The Financing was completed in reliance on applicable prospectus exemptions. The Financing remains subject to final approval from the TSX Venture Exchange. As consideration for their services in the second tranche of the Financing, XAU paid aggregate cash finder's fees of $2,800 representing 4% of the proceeds raised from certain subscribers, and issued 11,200 finder's warrants (each, a \"Finder's Warrant\"). Each Finder's Warrant entitles the holder thereof to acquire one (1) common share of XAU until June 18, 2027, subject to an accelerated expiry if XAU's common shares trade above $0.80 for twenty (20) consecutive trading days. In aggregate the company paid $32,800 in finder's fees representing 4% of the proceeds from certain subscribers and issued 131,200 Finder's Warrants. All securities issued pursuant to the Financing are subject to a statutory hold period expiring on April 19, 2026. Use of Proceeds XAU intends to use the net proceeds from the Financing to support the next phase of exploration at XAU's Noseno Gold Project, advance efforts to expand its Guyana land package, repay outstanding debt, and strengthen XAU's balance sheet as it advances strategic growth initiatives. About XAU Resources Inc. XAU is a gold exploration and development company advancing high-potential assets within Guyana's prolific Greenstone Belt. Focused on its Noseno Gold Project and other targets within the region, XAU is well-positioned to tap into Guyana's rich, underexplored mi...